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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (11892)	9/3/2021 10:20:55 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26862

Right now we are very short of truckers. It pays a decent wage for only needing enough education to read road signs, follow maps on GPS devices and pass a driving test... basically be a typical 16 year old. On CNBC someone asked what they pay per hour and the CEO said $1600 to take a truck from Chicago to Los Angeles which is about a week round trip. You can listen to books on tape or chat with friends on the CB or cell phone too while "working." I wonder if people are not going into these jobs because they will be automated someday? My guess is automation for all this is still a long ways off. As the work is more and more automated, the need for the number of people with important knowledge and critical thinking is reduced. Nothing is better for the ruling elite than a public that lacks the mental capacity to unseat them even if all the barriers were removed. It wouldn't surprise me to learn a lot of these conspiracy theories take hold with pod casts and talk radio that truckers listen to plus discussions with friends while driving...

To: Sun Tzu who wrote (11892)	9/3/2021 10:31:11 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26862

Hmmm BTW, the fears of all the manufacturing and technology leaving the US and America becoming a service only economy are unfounded. Such a future can never exist. Why not? Why did advanced civilization mostly leave the African continent? At one point the Nile river basin was the center of innovation (ignoring what was happening in China which American history classes seriously lack teaching) . If the people continue to attack wealth creators while they are alive, those with good ideas in other countries might decide there are better places to further their ideas. Singapore did such a good job in the 1990s that I decided to get out of tech as it was not rewarding training engineers born in other countries who came to the US for training then went back to Singapore to design things I was teaching top US students from MIT, CAL, Stanford, Rice, etc. to do in the 1980s as I was taught in the late 70s and early 80s... China is trying to force fit this in their country but they take such a heavy hand correcting things they don't like that I bet anyone who can leaves to get rich elsewhere. I'm a big fan of a low capital gains tax or index it to inflation THEN if society wants to recover all the costs companies like MSFT got for free (laws that prevented me from copying their software and selling it at flea markets) it can do so with taxation after death. Eliminating the stepped up basis for stocks and businesses WHEN THEY ARE SOLD by heirs is a good way to do this. Also, you should only get the capital gains rate indexed to inflation on money you put at risk.